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To: Publius

Janet will be conferring over the phone with the heads of the 12 Fed regional banks and the presidents of the stock exchanges. Tonight they will be providing liquidity for margin calls and, if necessary, outright purchases of stock.


Pump that market. Will it be enough?


1,355 posted on 06/23/2016 7:53:42 PM PDT by Jane Long (Go Trump, go! Make America Safe Again :)
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To: Jane Long
They may sit back to see just how bad the carnage is at first, but by the end of the day, they'll intervene.

They have to. Certain derivatives come into the money if the VIX (volatility index) shows a -2% move, so they'll do their best to keep the drop to 1.999999%.

1,379 posted on 06/23/2016 7:56:59 PM PDT by Publius ("Who is John Galt?" by Billthedrill and Publius now available at Amazon.)
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